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Climate finance is key for developing nations | World News – Bollyinside

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Climate finance is key for developing nations | World News – Bollyinside

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Get our Daily News Capsule India has asked for climate finance to meet its own goals. We lose money every time we are hit by a climate event. By some estimates, Cyclone Amphan cost India 14 billion dollars. But step back into history. India suffered enormous economic losses during colonialism, as both its resources and bullion was taken away to build other empires. The lifestyles and growth these spawned beyond our shores precipitated climate change as we see it today. Today, India is rebuilding itself, after being leached. The finance it needs is not finance but reparations — a return of its own wealth so it can save its own people. While we shift to renewable energy and adapt to climate change in multiple ways, it is important that India’s history – and that of many other colonized countries — be part of the battle against climate change.

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